Financial Notes
IRREGULAR PRICE MovEmENrs.
CONSIDERABLE irregularity has characterized the Stock Markets during the past week and the underlying explanation is to be found in the matters I have dealt with in a separate article referring to certain elements of uncertainty in the outlook. On the one hand, high-class investment stocks have been thoroughly firm owing to the further influx of gold, and the consequent easing of money rates in Lombard Street, but, on the other hand, many of the shares in the industrial group and especially those dealt in on New York account have reacted materially in consequence of heavy liquidation in Wall Street. Moreover, yet another section in the speculative groups, namely, South African Mining shares, has suffered a little from selling on French account.
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